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20121101
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temporarily turned lower on the cease-fire agreement between israel and hamas. crude price turned and settled at $87.38 per barrel. up $0.63 from yesterday. the average u.s. rates on fixed mortgages fell to new record lows from the average rate on a 30-year loan it 3.3%. the lowest on record. the 15 year fixed mortgage dropped 2.63%. lauren: a cease-fire deal, but if the violence persists, how much will oil prices climb? david: founder and chief investment officer and our touchstone for all the commodity information. >> the probability of this really exploding is pretty small. i think the market is telling you that we saw a big selloff. a bit of a cease-fire, now back on, kind of off, we will see what happens. as crude oil gets to the end of the year and profit-taking sets in from people walking in capital gain, you will see crude oil, for little bit. lauren: spencer, seems you think the fiscal cliff is more of having an effect on the price of oil than the violence in the middle east. >> it certainly puts an overhead cap. we get an explosion of something, we will get crude oil popping of the
i there was the ne killing of the hamas leader that maybe the middle east would boil over again. that and other news about iran weighing heavily on oil. as you can see, it was up almost a full percentage point. liz: to move lower today pushing the exchange higher. it is the short etf. you can see it moved today and it was an opportunity to see this go higher and once it goes down you see people make money as a short it. david: the dow transports also turning negative for the entire year, the group is widely regarded as an indicator for the broader market. that is not good news. liz: continuing to bring in business leaders to share ideas on fixing the debt today coming from all over the business wor world. an impressive list of ceos coming to washington, d.c., to sit out the president and one of them fresh from the meeting to join us on the inside scoop. honeywell chairman and ceo. david: warning if congress fails, everybody's taxes will go up. representative ron paul is skeptical and agreement can be reached by both sides before the big deadline. ron paul here on "after the bell
Search Results 0 to 1 of about 2